What is the gross profit (GP) of the original bill? (Sale price less COGS = GP) Food: COGs is 30% therefore the remaining profit is 70% of the food cost (food cost X 0.7) Wine: COGs is 20% therefore the remaining profit is 80% of the drink cost (drink cost X 0.8)

Answer rating: 100% (QA)

Solution To calculate the gross profit GP of the origin... View the full answer